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He said, as an example, that the tax cut should go to people who make $150,000 a year, not people making 1.4 million a year. That is not incorrect and you misconstrued that statement. The $200,000 was a gaffe on his part. You can read ANYWHERE else that it's $250,000.
Do you have problems with reading comprehension? Re-read post #81...
Biden said AS AN EXAMPLE (I'm paraphrasing) we should be giving tax cuts to someone making $150,000 rather than someone making $1.4 million. Understand now?
ANd yes, it is people making over $250,000 that would be paying a little more. If you don't think $250,000 is QUITE well-off, then you are living in a different universe. I live in New York City. One of the most expensive cities in the US. $250,000 goes quite a long way here.
Do you have problems with reading comprehension? Re-read post #81...
Biden said AS AN EXAMPLE (I'm paraphrasing) we should be giving tax cuts to someone making $150,000 rather than someone making $1.4 million. Understand now?
ANd yes, it is people making over $250,000 that would be paying a little more. If you don't think $250,000 is QUITE well-off, then you are living in a different universe. I live in New York City. One of the most expensive cities in the US. $250,000 goes quite a long way here.
It does?
You live in Manhatten? Do you have any bedrooms? Do you have kids? How many? PS or private? Do you have a car? If so, where do you park it and for how much/month?
You are obviously speaking of a different NYC than I am. $250K may go a long way if you are single or spend everything you make or live in a rent-controlled unit your great-great Grammy left you...or don't have any kids or aren't saving money for your own retirement or not setting anything else aside for your future.
Nope, not where I live. $250K is not RICH by any means. Doing ok, yes. A lot of money to throw around or waste? Nope. Not if you take care of your own.
Do you have problems with reading comprehension? Re-read post #81...
Biden said AS AN EXAMPLE (I'm paraphrasing) we should be giving tax cuts to someone making $150,000 rather than someone making $1.4 million. Understand now?
ANd yes, it is people making over $250,000 that would be paying a little more. If you don't think $250,000 is QUITE well-off, then you are living in a different universe. I live in New York City. One of the most expensive cities in the US. $250,000 goes quite a long way here.
Actually, its $250,000 for joint filers and $200,000 for individual filers. And many of the additional proposed tax credits actually phase out at much lower levels.
Cindy McCain reported earnings of $4.2 million is 2007. Yet she was able to deduct over $500,000, and paid 26% of her income in federal income taxes. Why am I taxed at 28%, and she is paying 26%? John McCain paid 21%. And, I pay a higher % of my income to social security. Why shouldn't Cindy & John pay more? I am so glad that Obama will finally make the wealthiest in our country pay their fair share.
I am pretty sure, no wait, I am positive, that I had many more girlfriends than you in my 20's (I know, because women can't stand whiny guys). So because I had more girlfriends, should I have shared some with you since you were unable to get as many on your own??? Or should I have just given some to the really ugly dude who was too lazy to shower since he couldn't get a single girl on his own?
Yep, when the voters realize they can vote themselves money, it's the end of the Republic as we know it.
Do you have problems with reading comprehension? Re-read post #81...
Biden said AS AN EXAMPLE (I'm paraphrasing) we should be giving tax cuts to someone making $150,000 rather than someone making $1.4 million. Understand now?
ANd yes, it is people making over $250,000 that would be paying a little more. If you don't think $250,000 is QUITE well-off, then you are living in a different universe. I live in New York City. One of the most expensive cities in the US. $250,000 goes quite a long way here.
$250k is not quite well off...it is income that is claimed from a Subchapter S or an LLC Corporation, and that money is not put into the pockets of the individual who has to claim it on his tax. Read the tons of posts I have put out about how small business finance works and you'll be a little better educated to have this debate. For now, you're one of the millions of ignorant Americans who have no clue how the finances of a small business works, as indicated by your completely off base post.
I've explained it too many times to repost it here again. The information is out there, if you're willing to look for and read it. Yeah, if you're bringing home $250k in your pockets at the end of the year, I agree you're doing quite well, but that is not the case with milions of small business owners who have to claim $250k and more from their LLC's and Subchapter S's. That money stays in the company, they just have to pay the tax on it as the owners. Please educate yourself fully on these matters..it will serve you well in the future.
Nice try but usually contractors pull permits, not home owners.
As for the property value, so now your an appraiser? What should it be, Why? Ohh, your just babbling again..
The only time a homeowner pulls a permit on a renovation is usually when the contractor is not licensed, and therefore he convinces the homeowner to pull the permit by saying it will cost less or something. In Florida, if you are building your own personal home as a primary residence, you are allowed to pull your own permit, but most don't.
Cindy McCain reported earnings of $4.2 million is 2007. Yet she was able to deduct over $500,000, and paid 26% of her income in federal income taxes. Why am I taxed at 28%, and she is paying 26%? John McCain paid 21%. And, I pay a higher % of my income to social security. Why shouldn't Cindy & John pay more? I am so glad that Obama will finally make the wealthiest in our country pay their fair share.
My arent we greedy!
Perhaps anticipating higher income, she overpaid her taxes over the year by more than $950,000. She applied that amount to her 2008 estimated tax.
So how much money would she have to pay to make you feel better.
Cindy McCain reported earnings of $4.2 million is 2007. Yet she was able to deduct over $500,000, and paid 26% of her income in federal income taxes. Why am I taxed at 28%, and she is paying 26%? John McCain paid 21%. And, I pay a higher % of my income to social security. Why shouldn't Cindy & John pay more? I am so glad that Obama will finally make the wealthiest in our country pay their fair share.
What did she get? Special consideration? From the IRS?
So someone who makes 2 million a year falls into a lesser tax bracket than someone who makes $150k per year?
I've over-paid my quarterly taxes (do you know what those are?) ...doesn't mean I'm not still TAXED at the same rate the next year. I just don't get interest from the goverment...like they demand should I UNDERPAY by $.50.
The people at the Huffington post need to stop huffing.
They have no freaking clue. And you don't either - so give it up.
You are a classic example when it comes to those with no clue and are riding Obama hard. You have NO clue and neither does anyone else who thinks for one second that the federal government picks and chooses who they're going to tax and at what percent.
You really and honestly think that some person who made a few million more than you did paid LESS in taxes than you did?
You're just a sheep.
Baaa-baaa.
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